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Fidelity Bitcoin ETF Records First Daily Net Outflows Since January Listing


The Fidelity Wise Origin Bitcoin (FBTC), a key player in the spot Bitcoin exchange-traded fund market, experienced a noteworthy outflow of nearly $23 million, marking a significant event in the cryptocurrency market. The post Fidelity Bitcoin ETF Records First Daily Net Outflows Since January...

Bitcoin’s red alert: Price dips below $63K, risks further decline


Bitcoin has recently demonstrated an ability to bounce off the dip to the $64,000 support level, breaking the $64,500 resistance level. Nevertheless, the cryptocurrency encounters an obstacle at the $65,500 resistance level, reaching $65,300 and then falling again. The shrinkage caused Bitcoin...

Fidelity’s spot bitcoin ETFs witnessed high outflows for once


As per SoSoValue data, for once, the spot bitcoin exchange-traded fund of Fidelity witnessed day-to-day net inflows reaching $22.61 million following its January registration.  More US bitcoin funds entered the scene, announcing daily withdrawals totaling $27.58 million. The converted ETF from...

Bitcoin Technical Analysis: BTC Sees Subdued Trading Amid Bearish Signals


As of April 26, 2024, bitcoin continues to exhibit fluctuating fortunes, with the latest trading session closing at $64,095. Amid a wider range between $62,923 and $65,069 over the last 24 hours, traders are grappling with mixed signals across various technical charts and indicators. Bitcoin...

Kenya Establishes Working Group to Draft Rules Governing Crypto Entities


The Kenyan government recently established a multi-agency technical working group tasked with developing a framework for regulating and monitoring the cryptocurrency industry. The group, which includes financial regulators such as the Central Bank of Kenya, is set to draft rules for controlling...

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